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United States sets sights on China in new electric vehicle push
Source: Reuters
BUSINESS NEWS APRIL 5, 2019 / 11:37 AM / UPDATED 5 HOURS AGO
Exclusive: United States sets sights on China in new electric vehicle push
Ernest Scheyder
6 MIN READ
(Reuters) - U.S. government officials plan to meet with executives from automakers and lithium miners in early May as part of a first-of-its-kind effort to launch a national electric vehicle supply chain strategy, according to three sources familiar with the matter.
While Volkswagen AG, Tesla Inc and other electric-focused automakers and battery manufacturers are expanding in the United States and investing billions in the new technology, they are reliant on mineral imports without a major push to develop more domestic mines and processing facilities.
China already dominates the electric vehicle supply chain. It produces nearly two-thirds of the world’s lithium-ion batteries - compared to 5 percent for the United States - and controls most of the world’s lithium processing facilities, according to data from Benchmark Minerals Intelligence, which tracks prices for lithium and other commodities and is organizing the Washington, D.C., event.
U.S. imports of lithium have nearly doubled since 2014 due in part to rising demand from Tesla, SK Innovation Co and others building battery plants in the country, according to the U.S. Geological Survey.
-snip-
Exclusive: United States sets sights on China in new electric vehicle push
Ernest Scheyder
6 MIN READ
(Reuters) - U.S. government officials plan to meet with executives from automakers and lithium miners in early May as part of a first-of-its-kind effort to launch a national electric vehicle supply chain strategy, according to three sources familiar with the matter.
While Volkswagen AG, Tesla Inc and other electric-focused automakers and battery manufacturers are expanding in the United States and investing billions in the new technology, they are reliant on mineral imports without a major push to develop more domestic mines and processing facilities.
China already dominates the electric vehicle supply chain. It produces nearly two-thirds of the world’s lithium-ion batteries - compared to 5 percent for the United States - and controls most of the world’s lithium processing facilities, according to data from Benchmark Minerals Intelligence, which tracks prices for lithium and other commodities and is organizing the Washington, D.C., event.
U.S. imports of lithium have nearly doubled since 2014 due in part to rising demand from Tesla, SK Innovation Co and others building battery plants in the country, according to the U.S. Geological Survey.
-snip-
Read more: https://www.reuters.com/article/us-usa-lithium-exclusive/exclusive-united-states-sets-sights-on-china-in-new-electric-vehicle-push-idUSKCN1RH1TU
